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Sky Q1 loss of $5 million as incentive USDS interest expense increased 102% According to a report prepared by contributors to Steakhouse Financial, Sky (formerly MakerDAO) lost $5 million in the first quarter of this year due to a doubling of interest payments to token holders. This loss is in stark contrast to the previous quarter, when Sky achieved a profit of $31 million. The main reason for the 102% increase in interest expenses is Sky's decision to push users to use its newly launched stablecoin Sky Dollar (USDS) through higher incentives to replace the existing DAI.

Gut says dip incoming...... >Maybe 1 more push higher then 📉

China called out the UK and the United States on Monday over their newly signed trade deal, accusing both countries of deliberately designing the pact to edge Chinese goods out of British supply chains. The warning, issued by Beijing’s foreign ministry, followed the announcement of the Trump administration’s first formal trade agreement since it rolled out a sweeping plan for “reciprocal tariffs” last month. The deal, which involves intense security requirements for the UK’s steel and pharmaceutical sectors, is already straining London’s attempts to rebuild relations with Beijing, a goal that Prime Minister Sir Keir Starmer’s government had been quietly working toward in recent months. According to the Financial Times, Beijing responded to questions about the deal by saying, “Co-operation between states should not be conducted against or to the detriment of the interests of third parties.” The message, issued directly by China’s foreign ministry, made it clear who the country thinks the “third party” is. The US–UK agreement has pushed the UK deeper into the crossfire of two economic powerhouses. And for Beijing, the UK’s choice to accept the deal’s conditions — especially ones tied to supply chain security and ownership of production facilities — looks like a decision to side with Washington. The structure of the trade pact includes sector-specific relief for UK steel and car exports, but only if the UK agrees to Trump’s conditions. That means accepting a baseline 10 percent tariff on British goods stays in place unless London passes a series of security tests. These tests fall under Section 232 investigations, which are supposed to check whether imported goods threaten US national security. But UK officials confirmed to the Financial Times that Donald Trump himself made it clear that these rules were meant to counter China. The US president has been using Section 232 as a weapon to pressure other governments. In this case, the UK was offered some relief — but only if it helps block China from global supply routes. That strategy, Beijing believes, is about forcing other countries to adopt Trump’s anti-China stance. Beijing didn’t wait to go public. Officials warned again that trade agreements should never be used to attack third countries. That warning wasn’t vague. It was a direct reaction to the US–UK deal, which Beijing says threatens its position in British markets. While China called out the UK–US deal, it also moved fast to adjust its own policy. Officials have already been pushing to strip foreign components out of Chinese supply chains in a broader effort to reduce exposure to outside pressure. That push has only accelerated now that Trump’s tariffs are being tied to bilateral deals. Still, Beijing is also trying to lower tensions on other fronts. On Monday, the US and China agreed to a 90-day truce in their wider trade war. As part of that deal, Washington dropped tariffs on Chinese imports from 145 percent down to around 40 percent. If both sides reach a deal to stop the export of fentanyl precursors from China to the US, those tariffs could drop again by up to 20 percentage points, bringing them closer to the levels Trump currently applies to US allies like the UK. Beijing is also lowering the heat on its end. It announced cuts to its own retaliatory tariffs on US goods, including energy and agricultural products, from 125 percent to just 10 percent. That move is meant to keep lines open — and prevent another escalation — while China figures out how to deal with countries like the UK that appear to be going along with Trump’s terms. But the fallout in London is already obvious. The UK government, trying to control the damage, said in a statement that the deal was signed “to secure thousands of jobs across key sectors, protect British businesses and lay the groundwork for greater trade in the future.” The government also claimed that trade and investment with China remain important to the UK, and that Britain is “continuing to engage pragmatically in areas that are rooted in UK and global interests.” Whether Beijing buys that explanation is still unclear. What’s certain is that China now views the UK as another player in Trump’s economic strategy, not a neutral partner. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

TL;DR ETH surged substantially in the past weeks, with analysts eyeing $2,800–$12,000 as potential targets, comparing its rebound to BTC’s post-COVID rally. SOL climbed 20% weekly, with over 11 million wallets now holding 0.1+ SOL – suggesting rising retail interest that could fuel a further pump. The second-largest cryptocurrency stole the show in the past several days, with its valuation rising by almost 40% on a seven-day scale. Earlier this week, it crossed $2,600, the highest point since late February. In the last 24 hours, it witnessed a slight retracement and currently trades at just south of $2,500. ETH’s strong rebound has sparked widespread excitement in the crypto space, with numerous X users speculating that the rally is just getting started. For instance, the analyst with the moniker CRYPTOWZRD envisioned a further upside toward the resistance of $2,800. “Once Bitcoin regains confidence, Ethereum should see a quick upside move towards $2,800 and beyond,” they added. Crypto Tony and Reed Carson also weighed in. The former claimed that a breakout above $2,750 could push the price to levels not seen since last year. Reed Carson argued that ETH’s dump below $1,400 in April was very similar to BTC’s crash under $4,000 during the COVID-19 crisis in the spring of 2020. They believe that in both cases, the plunge resulted from economic uncertainty and panic selling. The analyst reminded of BTC’s price explosion in the following years, predicting that ETH can follow a similar path and hit $10,000 or even $12,000 by the peak of the bull cycle. Another X user who gave his two cents is the well-known analyst Michael van de Poppe. He expects “shallow corrections” but sees such a scenario as a buying opportunity: “If the markets provide a correction, then I’d be interested in anything between $2,100-2,250 for ETH.” Solana’s SOL has also caught the recent green wave in the crypto sector, albeit charting less substantial gains than ETH. As of this writing, it trades at roughly $174, representing a 20% weekly increase. Among those touching upon the asset’s next potential targets was KALEO. The X user told his almost 700,000 followers that SOL is “slowly but surely grinding higher.” “I still believe this move back from the lows results in a god candle that sends straight to new all-time highs sooner rather than later,” they claimed. Just a few days ago, the analyst forecasted that Solana’s price could explode to a staggering $1,000. For his part, Ali Martinez recently said that SOL has reached “a critical resistance area” at $175. He also revealed that the number of wallets holding at least 0.1 tokens has surged past 11 million in the past two weeks. The development signals that more people have entered the ecosystem. The low threshold of just 0.1 SOL suggests that many of the newcomers could be retail investors, potentially acting as a precursor to a further price rally.

Dogecoin (DOGE) , the most recognized meme coin in the crypto market, has experienced a notable rally in early May 2025. However, its recent price action now shows signs of cooling off. A detailed analysis of the daily and hourly TradingView charts reveals crucial price levels, moving average signals, and Fibonacci projections that suggest where DOGE price might head next . On the daily chart, Dogecoin price is currently trading at around $0.2269 , showing a decline of over 3% in the last 24 hours. Despite this pullback, DOGE recently achieved a significant breakout above its multi-month descending trendline. This momentum allowed it to reclaim the 50-day simple moving average (SMA) positioned near $0.1955, which is now acting as a strong base support. DOGE price recent push saw it rally from below $0.16 to as high as $0.26 before facing resistance. The 200-day SMA, now located at $0.2668, appears to be the major resistance zone capping any further upside. This level has rejected the price twice already, indicating that bulls are currently struggling to break through the longer-term trend barrier. The Fibonacci retracement also adds weight to this region, with the 0.382 level around $0.22 now acting as a support line amid the consolidation. Zooming into the hourly chart, the sharp upward move that began around May 8 has started to lose steam. Dogecoin price reached a local high near $0.26 but has since entered a consolidation zone between $0.22 and $0.23. The moving averages on this timeframe are starting to flatten, suggesting that the immediate bullish momentum is fading. At present, the price is hovering around $0.227. The 20-hour and 50-hour SMAs are tightly packed just above the current price, and the hourly candles are showing indecision. This reflects a balance between buyers and sellers. However, volume is tapering off, indicating that traders are waiting for a decisive move before taking fresh positions. If DOGE breaks below $0.226, a retest of the $0.223 to $0.220 zone is highly probable, which would also align with the lower support of the moving average ribbon. To evaluate DOGE’s potential upward targets, we apply the Fibonacci extension tool using the recent impulse wave from approximately $0.15 to $0.26. The current consolidation level around $0.23 corresponds to the 0.236 retracement level, which often acts as a key decision point. If DOGE manages to hold this zone and push higher, the next technical targets will be $0.24, $0.27, and potentially even $0.30. For Dogecoin price to make a move toward the $0.30 level , it must first decisively break through the 200-day SMA resistance at $0.2668. This would require a resurgence in volume and broader market support. A daily candle close above $0.24 would be the first signal of strength, and a close above $0.27 would likely trigger further buying pressure. On the flip side, if the $0.22 support fails, DOGE could revisit $0.195 or even test the 100-day SMA near $0.1750. From a technical standpoint, Dogecoin price still holds a bullish structure , but the momentum is weakening. A break above $0.24 would open up the path toward $0.27 and $0.30, representing roughly a 32% upside from the current price. However, if the price dips below $0.22, the bullish scenario would be invalidated, and bears may push it back toward the $0.195 support level. Dogecoin’s recent run-up has injected new life into its price chart, but now it stands at a technical crossroads. The bullish breakout is still intact, provided DOGE continues to trade above the $0.22–$0.20 range. Traders and investors should keep a close watch on whether DOGE can reclaim $0.24 with volume support. If it does, the path toward $0.27 and beyond remains open. However, failure to hold key support levels could lead to a deeper correction. For now, the DOGE price remains in a healthy consolidation phase , and accumulation within this range could precede the next big move. If sentiment across the crypto market turns favorable again, DOGE might surprise traders with another impulsive wave. But until that happens, caution and patience are key. Dogecoin (DOGE) , the most recognized meme coin in the crypto market, has experienced a notable rally in early May 2025. However, its recent price action now shows signs of cooling off. A detailed analysis of the daily and hourly TradingView charts reveals crucial price levels, moving average signals, and Fibonacci projections that suggest where DOGE price might head next . On the daily chart, Dogecoin price is currently trading at around $0.2269 , showing a decline of over 3% in the last 24 hours. Despite this pullback, DOGE recently achieved a significant breakout above its multi-month descending trendline. This momentum allowed it to reclaim the 50-day simple moving average (SMA) positioned near $0.1955, which is now acting as a strong base support. DOGE price recent push saw it rally from below $0.16 to as high as $0.26 before facing resistance. The 200-day SMA, now located at $0.2668, appears to be the major resistance zone capping any further upside. This level has rejected the price twice already, indicating that bulls are currently struggling to break through the longer-term trend barrier. The Fibonacci retracement also adds weight to this region, with the 0.382 level around $0.22 now acting as a support line amid the consolidation. Zooming into the hourly chart, the sharp upward move that began around May 8 has started to lose steam. Dogecoin price reached a local high near $0.26 but has since entered a consolidation zone between $0.22 and $0.23. The moving averages on this timeframe are starting to flatten, suggesting that the immediate bullish momentum is fading. At present, the price is hovering around $0.227. The 20-hour and 50-hour SMAs are tightly packed just above the current price, and the hourly candles are showing indecision. This reflects a balance between buyers and sellers. However, volume is tapering off, indicating that traders are waiting for a decisive move before taking fresh positions. If DOGE breaks below $0.226, a retest of the $0.223 to $0.220 zone is highly probable, which would also align with the lower support of the moving average ribbon. To evaluate DOGE’s potential upward targets, we apply the Fibonacci extension tool using the recent impulse wave from approximately $0.15 to $0.26. The current consolidation level around $0.23 corresponds to the 0.236 retracement level, which often acts as a key decision point. If DOGE manages to hold this zone and push higher, the next technical targets will be $0.24, $0.27, and potentially even $0.30. For Dogecoin price to make a move toward the $0.30 level , it must first decisively break through the 200-day SMA resistance at $0.2668. This would require a resurgence in volume and broader market support. A daily candle close above $0.24 would be the first signal of strength, and a close above $0.27 would likely trigger further buying pressure. On the flip side, if the $0.22 support fails, DOGE could revisit $0.195 or even test the 100-day SMA near $0.1750. From a technical standpoint, Dogecoin price still holds a bullish structure , but the momentum is weakening. A break above $0.24 would open up the path toward $0.27 and $0.30, representing roughly a 32% upside from the current price. However, if the price dips below $0.22, the bullish scenario would be invalidated, and bears may push it back toward the $0.195 support level. Dogecoin’s recent run-up has injected new life into its price chart, but now it stands at a technical crossroads. The bullish breakout is still intact, provided DOGE continues to trade above the $0.22–$0.20 range. Traders and investors should keep a close watch on whether DOGE can reclaim $0.24 with volume support. If it does, the path toward $0.27 and beyond remains open. However, failure to hold key support levels could lead to a deeper correction. For now, the DOGE price remains in a healthy consolidation phase , and accumulation within this range could precede the next big move. If sentiment across the crypto market turns favorable again, DOGE might surprise traders with another impulsive wave. But until that happens, caution and patience are key.